Filing Flows

Filing Flows › Metropolitan Bank Holding (MCB) › Q1 2025

Metropolitan Bank Holding (MCB) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 2, 2025

Metropolitan Bank Holding (MCB) reported revenue of $70.6M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -0.6% from the quarter before. Operating margin was 33.1%, net earnings $16.4M (23.2% of revenue).

Revenue$70.6M
Year over year+6%
Quarter over quarter-0.6%
Operating margin33.1%
Net earnings$16.4M

Metropolitan Bank Holding, Q1 2025: revenue $70.6M (+6% year over year), operating margin 33.1%, net earnings $16.4M, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$70.6M-0.6%+6%
Operating profit$23.4M-25%-4%
Net earnings$16.4M-24%+0.9%
Operating cash flow$7.8M-91%-69%

What changed

Revenue was $70.6M in Q1 2025, up 6% year over year and down 1% from the previous quarter.

Operating profit was $23.4M, a 33.1% margin (down 3.3 points year over year). Operating profit fell $923K even though revenue rose $3.9M versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 6%. The fastest-growing cost line was Credit loss provision (+753%). Net earnings were $16.4M, up 1% year over year. The effective tax rate was 30.0%.

Operating cash flow was $7.8M (down 69% year over year), 47% of net earnings. Non-cash charges added back $1.8M of share-based compensation. Working capital and other items used $10.4M.

Questions

What was Metropolitan Bank Holding's revenue in the first quarter 2025?

Metropolitan Bank Holding (MCB) reported revenue of $70.6M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -0.6% from the quarter before.

Was Metropolitan Bank Holding profitable in the first quarter 2025?

Operating profit was $23.4M (33.1% of revenue) and net earnings $16.4M.

Open the interactive Sankey →

Source: Metropolitan Bank Holding 10-Q on SEC EDGAR.